Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ZEREBRO

all ZEREBRO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h −0.515%
Price spread now: Bybit against Kraken Futures−0.051%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.051% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ZEREBROUSD0.03381−0.0481get 0.0060% / 1h41m 24s$3K$2K10x
ShortBybit ZEREBROUSDT0.033790.0100get 0.0050% / 4h41m 24s$5.2M$877K13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$122.03
Price spread: −0.051% → 0.000%
−$5.09
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$95.94
Costs to cover
0.210%
Break-even
1.5 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Bybit live order book, 1 min ago4.44 bp46.4 bp −$46209.2 bp −$2,092doesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEREBRO on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZEREBROUSDlong−0.0481%1h0.03381long leg$3K$2K10x
Bybit ZEREBROUSDTshort+0.0100%4h0.03379−0.051%$5.2M$877K13x
Gate ZEREBRO_USDT+0.0100%4h0.03378−0.069%$451K$21K10xas long as short
KuCoin ZEREBROUSDTM+0.0100%4h0.03381+0.008%$1.4M$2.9M10xas long as short
Variational Omni ZEREBRO+0.0100%4h0.03385+0.114%$109K$14K—as long as short
BingX ZEREBRO-USDT+0.0466%4h0.03381+0.014%—$1.3M—as long as short
Binance ZEREBROUSDT+0.0479%4h0.03383+0.079%$4.6M$1.3M10xas long as short
Extended ZEREBRO-USD+0.0488%1h0.03383+0.066%$5K$169K5xas long as short
MEXC ZEREBRO_USDT+0.0488%4h0.03383+0.076%$7.1M$126K50xas long as short
BloFin ZEREBRO-USDT+0.0512%4h0.03386+0.168%$265K$12K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZEREBROUSDT+0.0516%4h0.03387+0.186%$380K$22K5xas long as short